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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Current Assets:    
Cash and cash equivalents $ 96,355 $ 117,871
Restricted cash 14,077 13,807
Accounts receivable 168 1,382
Accounts receivable from related parties 342 300
Deposits for equipment 279,153 358,791
Digital assets 316,323 234,298
Prepaid expenses and other current assets 101,827 30,111
Total Current Assets 808,245 756,560
Property, plant and equipment, net 820,182 597,304
Goodwill 1,055,760 1,055,760
Intangible assets, net 5,474 8,195
Other noncurrent assets 14,387 21,045
Assets 2,704,048 2,438,864
Current Liabilities:    
Accounts payable 15,623 11,617
Accrued expenses and other 72,806 67,862
Deferred revenue 103,215 63,417
Deferred revenue from related parties 50,472 72,945
Derivative warrant liabilities 27,997 0
Finance lease liabilities, current portion 34,405 28,452
Notes payable, current portion 110,175 75,996
Total Current Liabilities 414,693 320,289
Finance lease liabilities, net of current portion 56,494 62,145
Notes payable, net of current portion (includes $923,731 and $557,007 at fair value) 1,052,496 652,213
Other noncurrent liabilities 53,655 18,531
Total Liabilities 1,577,338 1,053,178
Contingently redeemable preferred stock; $0.0001 par value; 2,000,000 shares authorized; — and 10,826 shares issued and outstanding at March 31, 2022 and December 31, 2021, respectively; $— and $45,164 total liquidation preference at March 31, 2022 and December 31, 2021, respectively 0 44,476
Commitments and contingencies (Note 9)
Stockholders’ Equity:    
Common stock; $0.0001 par value; 10,000,000 shares authorized at both March 31, 2022 and December 31, 2021; 324,733 and 271,745 shares issued and outstanding at March 31, 2022 and December 31, 2021, respectively 32 27
Additional paid-in capital 1,604,116 1,379,581
Accumulated deficit (493,636) (27,432)
Accumulated other comprehensive income (loss) 16,198 (10,966)
Total Stockholders’ Equity 1,126,710 1,341,210
Total Liabilities, Redeemable Preferred Stock and Stockholders’ Equity $ 2,704,048 $ 2,438,864